Bitcoin
$43,076.20+1.00%
Ethereum
$3,042.14+4.15%
XRP
$0.940603+0.29%
Cardano
$2.20-3.96%
Polkadot
$28.52-4.01%
Stellar
$0.274728-0.39%
Dogecoin
$0.204366-1.48%
Chainlink
$24.39-0.19%
Uniswap
$23.75+23.24%
Polygon
$1.12+0.20%
Cosmos
$39.78-0.25%
Algorand
$1.75+2.57%
Litecoin
$150.23-0.38%
Bitcoin Cash
$502.72-2.60%
Wrapped Bitcoin
$43,060.05+1.05%
The Graph
$0.666970-1.82%
Tron
$0.087198-3.44%
Ethereum Classic
$46.98-0.61%
Filecoin
$55.18-8.22%
Tezos
$6.42-6.55%
Aave
$291.89+6.66%
Monero
$234.42-0.33%
NEO
$38.47-1.06%
EOS
$3.96-0.72%
IOTA
$1.17-4.87%
BitTorrent
$0.003174-1.90%
Bitcoin SV
$128.68-4.37%
Waves
$23.53-2.45%
Maker
$2,327.41+3.28%
Dash
$160.94-1.89%
Decentraland
$0.701367+1.84%
Decred
$112.48-2.08%
ICON
$1.61+4.62%
NEM
$0.145672-0.70%
Zcash
$110.96+0.26%
OmiseGO
$8.89-0.03%
Paxos Standard
$1.00+0.00%
Ren
$1.13+10.68%
Yearn Finance
$30,233.00+0.07%
NuCypher
$0.273601-6.79%
Qtum
$9.44-2.38%
Bitcoin Gold
$51.75-1.82%
Basic Attention Token
$0.634000-1.24%
Fetch.ai
$0.801178-4.85%
0x
$0.886309-1.21%
Bancor
$3.52+1.74%
Kava.io
$5.58-4.83%
Band Protocol
$7.35-1.34%
Siacoin
$0.014887+0.16%
Nano
$4.51-2.73%
Loopring
$0.366660-4.14%
Storj
$1.07-1.52%
Numeraire
$41.29-1.16%
Civic
$0.438553-2.87%
Lisk
$2.80-4.03%
Orchid
$0.316412-0.61%
PAX Gold
$1,756.64+0.00%
Enzyme
$164.84+25.08%
Augur
$20.90-3.46%
Aragon
$4.50-5.14%
district0x
$0.147514-1.72%
Kyber Network
$1.44+0.83%
SingularDTV
$0.001171-5.11%
Tether
$1.00-0.02%
USD Coin
$1.00-0.01%
Dai
$1.00-0.00%

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600.

Aug 28, 2019 at 7:07 p.m. UTC
Updated Sep 13, 2021 at 11:23 a.m. UTC

Bitcoin's price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday.

Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support.

Bitcoin opened the day at just under $10,200. Over the trading day, BTC broke above $10,250 a handful of times. The action culminated with a 30-minute sell-off.

At the time of writing, BTC is currently changing hands at $9,700.

Major names such as ether (ETH), litecoin (LTC), XRP (XRP) and EOS (EOS) also began to fall in value at around the same time as BTC, losing between 5-10 percent alongside bitcoin.

Indeed, most of the cryptocurrencies on CoinMarketCap's list of top 100 cryptocurrencies and tokens saw red.

Disclosure: This author holds bitcoin at the time of writing.

Rollercoaster image via CoinDesk archives

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...